Overview
What is Kollel Chazon Ish?
Kollel Chazon Ish is a New York-based Jewish nonprofit organization committed to grant distribution. It primarily supports religious and charitable entities, extending its aid to its own program in Israel as well. This organization serves as a vital source of financial assistance for numerous worthy causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating
Kollel Chazon Ish has received a commendable score of 87%, reflecting its strong performance in accountability and finance, which is the sole component of its overall rating. This high score indicates that the organization demonstrates sound financial practices and governance. The most recent fiscal year assessed was FY2023, showcasing the organization's commitment to transparency and effective management.
The nonprofit has achieved a perfect score for having an independent board, with all eight members being independent. Additionally, it scored full marks in key areas including financial statement reviews, absence of asset diversion, and the implementation of conflict of interest, whistleblower, and document management policies. The liabilities to assets ratio is an impressive 0.00%, and a remarkable 99.91% of its expenses go directly to programs, pointing to its effective allocation of resources.
While the organization excels in these areas, the rating does not provide insight into programmatic outcomes or the impact of its initiatives on the community served. Nonetheless, the overall financial health and governance practices of Kollel Chazon Ish suggest a responsible and well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Kollel Chazon Ish legitimate?
Kollel Chazon Ish is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kollel Chazon Ish submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kollel Chazon Ish?
Kollel Chazon Ish's mission is centered around providing financial assistance to religious and charitable organizations. This organization extends its grant-making efforts to various entities, including its own program based in Israel. By offering financial support, Kollel Chazon Ish aims to contribute to the overall well-being and advancement of these organizations. It serves as a benefactor in the realm of religious and charitable work, providing essential resources to further their causes.
Who is the CEO of Kollel Chazon Ish?
David H Stefansky is the Treasurer of Kollel Chazon Ish.
What is the revenue of Kollel Chazon Ish?
Kollel Chazon Ish's revenue in 2022 was $720,418.
Who are the executives of Kollel Chazon Ish and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kollel Chazon Ish?
Kollel Chazon Ish's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kollel Chazon Ish
Kollel Chazon Ish, a renowned Jewish organization, is dedicated to making grants to religious and charitable organizations. Its mission is centered around providing financial assistance to various religious and charitable entities, including supporting its own program in Israel. The nonprofit organization's primary objective is to contribute to the betterment of the community by providing necessary funds to these organizations, thereby enabling them to carry out their respective missions and serve those in need.
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Impact
October, 2024
Kollel Chazon Ish significantly impacts the Jewish community by providing vital financial support to religious and charitable organizations. Its grants help bolster various programs, including those in Israel, addressing both spiritual and community needs. The organization serves as a crucial resource for enhancing religious education, supporting community initiatives, and promoting charitable activities. By facilitating these contributions, Kollel Chazon Ish plays a pivotal role in strengthening the infrastructure of Jewish communal life and ensuring that essential services are accessible to those in need. Its commitment to fostering religious and charitable endeavors helps sustain and develop Jewish traditions and values within the community.
This information is meant to be a general summary of Kollel Chazon Ish. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11
- Gross Receipts: $720,418
Assets and Liabilities:
- Total Assets: $7,705
- Total Liabilities: $0
- Net Assets: $7,705
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Organization Details
Founding Year
1975
Principal Officer
David H Stefansky
Main Address
C/O WBKL 39 BROADWAY SUITE 640, NEW YORK, NY, 10006
NTEE Category
Code: X30 - Religion related
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